Delta Auto.
: DELTIC · 2/3 Wheelers
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Snapshot
Unlock Delta Auto.'s vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Delta Autocorp Limited manufactures and sells electric two-wheelers and three-wheelers under the Deltic brand. The company focuses on providing affordable and durable electric mobility solutions specifically tailored for tier-2 and tier-3 towns in India.
Business Model
The company generates revenue through the manufacturing and retail sale of electric vehicles. It is currently optimising its cost structure and safety profile by transitioning its product portfolio to Lithium Ferro Phosphate (LFP) battery technology.
Growth Outlook
Growth is expected to be driven by the increasing adoption of electric vehicles in smaller Indian cities and the operational efficiencies gained from the shift to LFP battery technology.
Key Risks
- Regulatory Risk. Changes in government subsidies or FAME scheme policies could significantly impact the affordability and demand for electric vehicles.
- Supply Chain Dependency. The company relies on the availability and pricing of battery components, particularly lithium-ion cells, which are subject to global supply chain volatility.
- Intense Competition. The Indian electric two-wheeler and three-wheeler market is becoming increasingly crowded with both established automotive players and new entrants.
- Technological Obsolescence. Rapid advancements in battery technology and charging infrastructure may render current product offerings less competitive if the company fails to innovate.
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Peers · 2/3 Wheelers
| Company | Mkt Cap | P/E | EV/EBITDA | Rev Gr YoY | EBITDA Mgn | ROE | ROCE | 1Y Return |
|---|---|---|---|---|---|---|---|---|
Delta Auto.DELTIC | ₹53 Cr | — | — | — | 7.8% | — | — | -48.8% |
Hero MotoCorp Ltd.HEROMOTOCO | ₹1.12L Cr | 20.56 | 13.03 | 25.6% | 16.9% | 26.8% | 34.2% | +10.1% |
Ather Energy Ltd.ATHERENERG | ₹61,924 Cr | -158.93 | -440.68 | — | -3.3% | -25.4% | -14.6% | +259.1% |
Ola Electric Mobility Ltd.OLAELEC | ₹18,042 Cr | -9.92 | -26.72 | -49.2% | -40.0% | -41.0% | -22.4% | -27.9% |
Zelio E-MobilityZELIO | ₹1,865 Cr | — | — | — | 11.0% | — | — | — |
EBIX LimitedEBIX | ₹465 Cr | -77.46 | 55.00 | -90.8% | 106.8% | 1.7% | 18.5% | -52.7% |
As of Mar 2026
Financials
Delta Auto.
: DELTIC · 2/3 Wheelers
Limited coverage
We are not actively covering this company or have limited coverage today. Click to request coverage.
Snapshot
Unlock Delta Auto.'s vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Delta Autocorp Limited manufactures and sells electric two-wheelers and three-wheelers under the Deltic brand. The company focuses on providing affordable and durable electric mobility solutions specifically tailored for tier-2 and tier-3 towns in India.
Business Model
The company generates revenue through the manufacturing and retail sale of electric vehicles. It is currently optimising its cost structure and safety profile by transitioning its product portfolio to Lithium Ferro Phosphate (LFP) battery technology.
Growth Outlook
Growth is expected to be driven by the increasing adoption of electric vehicles in smaller Indian cities and the operational efficiencies gained from the shift to LFP battery technology.
Key Risks
- Regulatory Risk. Changes in government subsidies or FAME scheme policies could significantly impact the affordability and demand for electric vehicles.
- Supply Chain Dependency. The company relies on the availability and pricing of battery components, particularly lithium-ion cells, which are subject to global supply chain volatility.
- Intense Competition. The Indian electric two-wheeler and three-wheeler market is becoming increasingly crowded with both established automotive players and new entrants.
- Technological Obsolescence. Rapid advancements in battery technology and charging infrastructure may render current product offerings less competitive if the company fails to innovate.
Start your research today
Unlock AI insights, financials, peers and live data on Delta Auto. and 5,000+ companies — free.
Peers · 2/3 Wheelers
As of Mar 2026